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Nonprofiteer
← PALO ALTO COUNTY GAMING DEVELOPMENT CORPORATION

Form 990 for tax year 2025

Filed by PALO ALTO COUNTY GAMING DEVELOPMENT CORPORATION.

Totals

Total revenue
$2,103,187
Total expenses
$2,144,201
Contributions and grants received
$1,999,644
Grants paid
$2,075,198
Program service revenue
$0
Investment income
$103,543
Other revenue
$0
Total assets, end of year
$4,324,308
Total liabilities, end of year
$229,443
Net assets or fund balances, end of year
$4,094,865
Program services expenses (Part IX)
$2,096,593
Management and general expenses
$47,608
Fundraising expenses
$0
Program service expenses (Part III)
$2,096,593

Program services were 97.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $1,999,644

  • 3 · Investment income

    total $103,543 · related or exempt $103,543

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $2,075,198 · program services $2,075,198

  • 7 · Other salaries and wages

    total $13,524 · management and general $13,524

  • 10 · Payroll taxes

    total $1,077 · management and general $1,077

  • 11c · Fees: accounting

    total $17,500 · management and general $17,500

  • 13 · Office expenses

    total $11,026 · program services $11,026

  • 16 · Occupancy

    total $8,589 · management and general $8,589

  • 19 · Conferences, conventions and meetings

    total $3,325 · management and general $3,325

  • 23 · Insurance

    total $3,593 · management and general $3,593

  • 24a · Other expenses: BOARD EXPENSE

    total $6,741 · program services $6,741

  • 24b · Other expenses: GRANT DISTRIBUTION EXPENS

    total $2,680 · program services $2,680

  • 24c · Other expenses: MISC EXPENSE

    total $948 · program services $948

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,852,850 · end of year $1,725,081

  • 2 · Savings and temporary cash investments

    beginning of year $409,934 · end of year $2,478,639

  • 4 · Accounts receivable

    beginning of year $77,517 · end of year $88,168

  • 9 · Prepaid expenses and deferred charges

    beginning of year $10,532 · end of year $17,715

  • 10a · Land, buildings and equipment: cost or other basis

    $48,112

  • 10b · Land, buildings and equipment: accumulated depreciation

    $48,112

  • 15 · Other assets

    end of year $14,705

  • 17 · Accounts payable and accrued expenses

    beginning of year $12,588 · end of year $30,198

  • 18 · Grants payable

    beginning of year $202,366 · end of year $199,245

  • 27 · Net assets without donor restrictions

    beginning of year $4,135,879 · end of year $4,094,865

Mission and programs · 2025

Mission

TO OPERATE EXCLUSIVELY FOR THE PURPOSES ENUMERATED IN THE IOWA GAMING COMMISSION ACT. TO PARTICIPATE IN ANY CHARITIBLE, SCIENTIFIC OR EDUCATIONAL ACTIVITY WHICH THE BOARD OF DIRECTORS DETERMINES. TO ERECT OR MAINTAIN PUBLIC BUILDINGS OR WORKS, OR OTHERWISE LESSON THE BURDENS OF THE CITIES, COUNTIES AND STATE GOVERNMENT. TO PROVIDE FACILITIES DEDICATED EXCLUSIVELY FOR THE PROMOTION OF THE SOCIAL WELFARE OF THE COMMUNITIES AND OPEN TO ALL CITIZENS.

  • TO OPERATE EXCLUSIVELY FOR THE PURPOSE ENUMERATED IN THE IOWA GAMING COMMISSION ACT. TO PARTICIPATE IN ANY CHARITABLE, SCIENTIFIC OR EDUCATIONAL ACTIVITY WHICH THE BOARD DIRECTORS DETERMINES. TO ERECT OR MAINTAIN PUBLIC BUILDINGS OR WORKS, OR OTHERWISE LESSON THE BURDENS OF THE CITIES, COUNTIES AND STATE GOVERNMENT. TO PROVIDE FACILITIES DEDICATED EXCLUSIVELY FOR THE PROMOTION OF THE SOCIAL WELFARE OF THE COMMUNITIES AND OPEN TO ALL CITIZENS.

    Expenses $2,096,593 · Grants $2,075,198 · Revenue $1,999,644

  • TO OPERATE EXCLUSIVELY FOR THE PURPOSE ENUMERATED IN THE IOWA GAMING COMMISSION ACT. TO PARTICIPATE IN ANY CHARITABLE, SCIENTIFIC OR EDUCATIONAL ACTIVITY WHICH THE BOARD DIRECTORS DETERMINES. TO ERECT OR MAINTAIN PUBLIC BUILDINGS OR WORKS, OR OTHERWISE LESSON THE BURDENS OF THE CITIES, COUNTIES AND STATE GOVERNMENT. TO PROVIDE FACILITIES DEDICATED EXCLUSIVELY FOR THE PROMOTION OF THE SOCIAL WELFARE OF THE COMMUNITIES AND OPEN TO ALL CITIZENS.

As filed on the 2025 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Marty Bergstrom

    TREASURER

    Total calculated
    $0

  • Tim Bruns

    DIRECTOR

    Total calculated
    $0

  • Lance Clark

    DIRECTOR

    Total calculated
    $0

  • Cheryl Harris

    DIRECTOR

    Total calculated
    $0

  • Joel Hoyman

    DIRECTOR

    Total calculated
    $0

  • Jamie Neff

    DIRECTOR

    Total calculated
    $0

  • Marilyn Noonan

    VICE PRESIDE

    Total calculated
    $0

  • Gretchen Reichter

    PRESIDENT

    Total calculated
    $0

  • Terry Williams

    DIRECTOR

    Total calculated
    $0

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

  • UNDER 5000

    $462,789

    CAPITAL EXPENDITURES

  • CITY OF EMMETSBURG

    $336,509

    CAPITAL EXPENDITURES

  • EMMETSBURG COMMUNITY SCHOOL DIST

    $112,000

    CAPITAL EXPENDITURES

  • GRAETTINGER VISIONING COMMITTEE

    $109,341

    CAPITAL EXPENDITURE

  • RUTHVEN ECONOMIC DEVELOPMENT CORPOR

    $104,580

    CAPITAL EXPENDITURE

  • IOWA LAKES COMMUNITY COLLEGE

    $99,263

    CAPITAL EXPENDITURE

  • PALO ALTO COUNTY HOSPITAL

    $75,000

    CAPITAL EXPENDITURE

  • CITY OF GRAETTINGER

    $73,597

    CAPITAL EXPENDITURES

  • CITY OF WEST BEND

    $69,067

    CAPITAL EXPENDITURES

  • FIVE ISLAND TRAIL CORPORATION

    $69,000

    CAPITAL EXPENDITURES

The 10 largest by cash amount. The API serves every itemized grant.

Provenance

Return type
form_990
Tax year
2025
Filed
15 May 2026
IRS schema version
2025v4.0
Source object
202601359349313855

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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